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  • #641
  • Mar 10, 2011 2:27am Mar 10, 2011 2:27am
Quoting Olu
I put up an argument about a resurgence in the us$ and because of that took a closer look at the euro. The timing turned out to be blessed as this spain downgrade fundamental played righr into it.

Currently sitting profitably on the euro trade
Also put on a gbpchf short which is negative at the moment. the argument was that risk would go out of the market and the chf crossed would go down. That is happening but not with the gbpchf because of an announcement that will come out today
two thirds taken off the eurusd trade. Stop tightened on the rest
gbchf now at breakeven. stops tightened as well
If you think you can or cannot do it you are correct
  • #642
  • Edited 5:54am Mar 10, 2011 5:49am | Edited 5:54am
eurusd sh1.3913 exit 3/5 @1.3816 (+97pips)
exit 2/5 @1.3830 (+83pips)

gbpchf sh 1.5044 stopped out @ 1.5078 (-34pips)

NB: I was reluctant to take this trade but took it anyway to follow my convictions. It just happened to be on the day of debt downgrade by Moody
I think that something has changed for the euro now. They can t increase rates now can they?
If you think you can or cannot do it you are correct
  • #643
  • Mar 10, 2011 5:51am Mar 10, 2011 5:51am
S. 1.0049, considering our exchange re news and set-ups Olu, I re-ordered
*EU and GU are not helping to-date, plus more red flag news coming

Quoting PeterE
S. 1.0043, takers?
edit: cancel due to pending news

and nice work re EU trades

.
  • #644
  • Mar 10, 2011 7:21am Mar 10, 2011 7:21am
Just hanging in there at support. If we go below 6120. The next stop could be 6090 then 6030 area
Attached Image
If you think you can or cannot do it you are correct
  • #645
  • Mar 10, 2011 7:49am Mar 10, 2011 7:49am
Quoting Olu
Just hanging in there at support. If we go below 6120. The next stop could be 6090 then 6030 area
6090 has gone...

head and shoulder in the FTSE100. Are we at the early stages of a mini collapse here?
If you think you can or cannot do it you are correct
  • #646
  • Mar 10, 2011 8:24am Mar 10, 2011 8:24am
Getting closer to that breakdown point. Their bank reduced interest rates by 0.5% (0.25% expected). This makes the pair more 'sellable' although some decline might have already been priced in
If you think you can or cannot do it you are correct
  • #647
  • Mar 10, 2011 1:44pm Mar 10, 2011 1:44pm
2 pips from TP, now reversing
but EU and GU under pressure which is good news


Quoting PeterE
S. 1.0049
.
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  • #648
  • Mar 10, 2011 1:55pm Mar 10, 2011 1:55pm
Quoting PeterE
2 pips from TP, now reversing
but EU and GU under pressure which is good news

.
PeterE Run with what you have 2 pips is nothing
If you think you can or cannot do it you are correct
  • #649
  • Mar 10, 2011 2:07pm Mar 10, 2011 2:07pm
l'll hold this one,.......fingers crossed

Quoting Olu
PeterE Run with what you have 2 pips is nothing
  • #650
  • Mar 10, 2011 2:10pm Mar 10, 2011 2:10pm
Quoting Olu
PeterE Run with what you have 2 pips is nothing
on the other hand it is now giong down...
If you think you can or cannot do it you are correct
  • #651
  • Mar 10, 2011 2:23pm Mar 10, 2011 2:23pm
i try not to let it mess with my head

Quoting Olu
on the other hand it is now giong down...
  • #652
  • Mar 10, 2011 2:33pm Mar 10, 2011 2:33pm
a close below 7325ish on 240bars (nxt is 000GMT), combined with good break of recent low (7322), could bode well for shorts @7325ish


Quoting Olu
Getting closer to that breakdown point. Their bank reduced interest rates by 0.5% (0.25% expected). This makes the pair more 'sellable' although some decline might have already been priced in
  • #653
  • Mar 10, 2011 2:37pm Mar 10, 2011 2:37pm
Quoting PeterE
a close below 7325ish on 240bars (nxt is 000GMT), combined with good break of recent low (7322), could bode well for shorts @7325ish
I am so with you on this one... the weekly chart is beautiful
If you think you can or cannot do it you are correct
  • #654
  • Mar 10, 2011 2:41pm Mar 10, 2011 2:41pm
stops at +50, TP +60.........it's in the hands of the gods now

Quoting PeterE
2 pips from TP, now reversing
.
  • #655
  • Mar 10, 2011 3:04pm Mar 10, 2011 3:04pm
Quoting PeterE
stops at +50, TP +60.........it's in the hands of the gods now

.
either way we all bank some pips...
If you think you can or cannot do it you are correct
  • #656
  • Mar 10, 2011 5:00pm Mar 10, 2011 5:00pm
Tough day in the commodity pits...


Here ya go BBO



golfer
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  • #657
  • Mar 10, 2011 8:20pm Mar 10, 2011 8:20pm
Thanks for the chart. Most of the commodities had it pretty bad - even gold

Olu
If you think you can or cannot do it you are correct
  • #658
  • Mar 10, 2011 8:33pm Mar 10, 2011 8:33pm
@133even. Hope the support breaks...
If you think you can or cannot do it you are correct
  • #659
  • Mar 10, 2011 9:33pm Mar 10, 2011 9:33pm
watching for possible short, 0.9345ish
  • #660
  • Mar 11, 2011 1:40am Mar 11, 2011 1:40am
Quoting Olu
@133even. Hope the support breaks...
Stopped out. The earthquake effect. Unfortunately price is right back to my entry point.

For me I am down only 75pips but my prayers are with all those affected in this earthquake
If you think you can or cannot do it you are correct
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